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301 Par Avenue
About This Property
Step inside to discover an open, contemporary design featuring new luxury vinyl plank flooring throughout with no thresholds, fresh interior paint, all-new trim, custom LED-lit stairs, stylish interior doors, and beautiful LED lighting inside and out. The chef-inspired kitchen is equipped with new quartz countertops, custom cabinetry, and premium commercial-grade appliances, including a 60-inch natural gas range with six burners, flat top, and double ovens, along with a glass-front refrigerator. Cozy electric fireplaces in both the kitchen and living room create a warm and inviting atmosphere. No expense was spared behind the walls. This home features all-new electrical, including feeders and panel, all-new plumbing with PVC drain lines and Uponor water lines, spray foam insulation with radiant barrier, new drywall throughout, and a natural gas tankless water heater. Comfort is maximized with a new 3-ton A/C system, mini-split in the primary suite, and all-new ductwork. The exterior has also been completely updated with a new metal roof, new soffit, fascia, gutters, energy-efficient argon gas dual-pane vinyl windows, fresh exterior paint, and a new 6-foot privacy fence. Oversized commercial ceiling fans and quality finishes throughout add both style and function.
The beautifully renovated bathrooms feature custom vanities and luxurious walk-in showers, including an impressive primary shower with five shower heads and a guest shower with three shower heads.
This is more than just a renovation--it's a complete transformation. If you're looking for a move-in-ready home with high-end upgrades, modern systems, and exceptional attention to detail, 301 Par Avenue is a must-see!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017